HAUCON: what changed
HAUCON
Largest movements
- Cash +€19,933
up €19,933 (+130%), from €15,366 to €35,299
mainly Depreciation (+€13,602) and Other debts (+€13,062)
- Receivables within one year -€11,970
down €11,970 (-60.9%), from €19,654 to €7,684
of which Trade receivables: -€15,455
- Tangible fixed assets -€9,253
down €9,253 (-16.9%), from €54,682 to €45,429
of which Furniture and vehicles: -€9,634
- Other debts +€13,062
new in 2025: €13,062
- Trade debts -€8,910
down €8,910 (-26.5%), from €33,678 to €24,768
- Debts after one year -€3,848
down €3,848 (-25.3%), from €15,183 to €11,335
- Tax, wage and social debts -€1,740
down €1,740 (-14.6%), from €11,930 to €10,191
of which Remuneration and social security: -€2,500
- Gross operating margin -€20,101
down €20,101 (-40.6%), from €49,495 to €29,394
- Taxes -€7,875
down €7,875 (-76.0%), from €10,358 to €2,483
- Depreciation +€3,370
up €3,370 (+32.9%), from €10,232 to €13,602
- Other operating charges +€1,234
up €1,234 (+469%), from €263 to €1,497
- Financial charges -€1,067
down €1,067 (-53.0%), from €2,016 to €948
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,197 | €91,841 | -€1,355 | -1.5% |
| Fixed assets | 21/28 | €57,082 | €47,829 | -€9,253 | -16.2% |
| Tangible fixed assets | 22/27 | €54,682 | €45,429 | -€9,253 | -16.9% |
| Plant, machinery and equipment | 23 | - | €1,055 | +€1,055 | |
| Furniture and vehicles | 24 | €51,640 | €42,006 | -€9,634 | -18.7% |
| Other tangible fixed assets | 26 | €3,042 | €2,368 | -€674 | -22.2% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €36,115 | €44,012 | +€7,898 | +21.9% |
| Amounts receivable within one year | 40/41 | €19,654 | €7,684 | -€11,970 | -60.9% |
| Trade receivables | 40 | €17,768 | €2,313 | -€15,455 | -87.0% |
| Other amounts receivable | 41 | €1,887 | €5,371 | +€3,485 | +185% |
| Cash at bank and in hand | 54/58 | €15,366 | €35,299 | +€19,933 | +130% |
| Deferred charges and accrued income | 490/1 | €1,095 | €1,029 | -€66 | -6.0% |
| Total equity and liabilities | 10/49 | €93,197 | €91,841 | -€1,355 | -1.5% |
| Equity | 10/15 | €28,685 | €28,638 | -€47 | -0.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,600 | €26,638 | +€38 | +0.1% |
| Distributable reserves | 133 | €26,600 | €26,638 | +€38 | +0.1% |
| Profit (loss) carried forward | 14 | €85 | - | -€85 | |
| Amounts payable | 17/49 | €64,512 | €63,204 | -€1,308 | -2.0% |
| Amounts payable after more than one year | 17 | €15,183 | €11,335 | -€3,848 | -25.3% |
| Financial debts | 170/4 | €15,183 | €11,335 | -€3,848 | -25.3% |
| Amounts payable within one year | 42/48 | €49,318 | €51,869 | +€2,550 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €3,710 | €3,848 | +€138 | +3.7% |
| Trade debts | 44 | €33,678 | €24,768 | -€8,910 | -26.5% |
| Suppliers | 440/4 | €33,678 | €24,768 | -€8,910 | -26.5% |
| Taxes, remuneration and social security | 45 | €11,930 | €10,191 | -€1,740 | -14.6% |
| Taxes | 450/3 | €9,430 | €10,191 | +€760 | +8.1% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €13,062 | +€13,062 | |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,232 | €13,602 | +€3,370 | +32.9% |
| Other operating charges | 640/8 | €263 | €1,497 | +€1,234 | +469% |
| Gross operating margin | 9900 | €49,495 | €29,394 | -€20,101 | -40.6% |
| Operating profit (loss) | 9901 | €39,000 | €14,294 | -€24,706 | -63.3% |
| Financial income | 75/76B | €59 | €90 | +€31 | +51.7% |
| Recurring financial income | 75 | €59 | €90 | +€31 | +51.7% |
| Financial charges | 65/66B | €2,016 | €948 | -€1,067 | -53.0% |
| Recurring financial charges | 65 | €2,016 | €948 | -€1,067 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €37,044 | €13,436 | -€23,608 | -63.7% |
| Income taxes | 67/77 | €10,358 | €2,483 | -€7,875 | -76.0% |
| Profit (loss) for the period | 9904 | €26,685 | €10,953 | -€15,732 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,685 | €10,953 | -€15,732 | -59.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.